Mountain Valley MD CEO Dennis Hancock joined Steve Darling from Proactive to bring news the company has entered into a letter of intent for a licensing agreement with Red White & Bloom Brands, which is a multi-state cannabis operator in the United States.
Hancock telling Proactive, the agreement will have Mountain Valley develop one or more formulas using MVMD’s QuicksomeTM technology so Red White and Bloom can apply it to various cannabis product applications. The licence will be exclusive initially in Florida, Michigan and California to manufacture products in exchange for payments, including research and development fees and royalties.